California farmers are struggling to sell grapes as demand for wine drops
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California farmers are struggling to sell grapes as demand for wine drops
Unofficial Hacker News client; not affiliated with Y Combinator.
ortusdux · · focus · HN ↗
<a href="https://www.fas.usda.gov/data/commodities/wine-related-products-0" rel="nofollow">https://www.fas.usda.gov/data/commodities/wine-related-produ...
randycupertino · · focus · HN ↗
- Canadian boycots of US products due to tariff wars
- Boomer wine buyers dying off
- younger generations drinking less overall and being less into wine
- everyone on GLP-1s drinking less
philipallstar · · focus · HN ↗
Why's this?
legitster · · focus · HN ↗
philipallstar · · focus · HN ↗
Borealid · · focus · HN ↗
Tariffs raise the consumer-visible price of those goods. This then, due to demand elasticity, causes consumers in those non-US countries to buy fewer of those products.
Some impact may be badwill as well but quite a bit is first-order impact of second-order tariffs.
mc32 · · focus · HN ↗
Borealid · · focus · HN ↗
Question: what is the percentage increase in tariff amounts on wine between the pre- and post-USMCA state of play between the US and Canada?
Sometimes seeing why something has happened requires considering wider context, which is why it's usually good for a nation to ensure primary education includes solid economics, history, media literacy, etc curricula.